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The Independent Student Newspaper at Boston University

The Daily Free Press

The Independent Student Newspaper at Boston University.

The Daily Free Press

The Daily Free Press

Boston University annual report 2021

BU ends 2021 fiscal year on high note, but employees still struck by cost-cutting measures

Seamus Webster February 18, 2022
BU froze retirement contributions and salary increases, as its total assets grew to $8.3 billion.
After already cutting $168 million from its 2021 budget, Boston University must make an additional $96 million in cuts, which will result in layoffs and furloughs for University staff. LAURYN ALLEN/ DAILY FREE PRESS STAFF

University faces $96 million more of budget cuts, prepares for layoffs and furloughs

Jane Avery June 29, 2020
BU must make an additional $96 million worth of financial cuts — after having already cut $168 from its budget — to cover its total $264 million budget shortfall for the 2021 fiscal year beginning July 1, according to an email to faculty and staff from President Robert Brown, dated Monday.
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